Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only

Related MCQs

• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• Under marginal costing, ……… Costs are regarded as costs of the products.
• Marginal costing is a …………… of costing
• The essence of marginal costing is that ……………… cost is considered on the whole as separate.
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.
• Marginal cost is the aggregate of prime cost and ……………….
• ………………..is the excess of sales over marginal cost of sales
• The Profit/Volume ratio or marginal ratio expresses the relation of ………… to sales.
• Marginal cost is the ……….cost of producing an additional unit of output